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A victor remains to be crowned following a heated beauty parade between competing class actions against tech company Nuix, with two law firms facing criticism for their "cumbrous" consolidation proposal and a third firm copping flak for its "opaque" financials.
In a significant victory for litigation funders, the Full Federal Court has found that funded class actions are not managed investment schemes subject to regulatory oversight, gutting the legal basis for reforms enacted by the Morrison government in 2020.
Former Commonwealth Bank subsidiary Avanteos Investments has been slugged with a $1.7 million penalty after pleading guilty to charges it failed to update disclosure statements on products that continued to deduct adviser fees from accounts of dead superannuation members.
A judge has rejected a court-appointed costs assessor’s opinion that engaging a silk to fight an interlocutory application in a spat between two Queensland law firms was “plainly a luxury”.
Network Ten has moved to strike out claims that it’s Canberra bureau, led by high profile political reporter Peter van Onselen and executive editor Anthony Murdoch “was a workplace that was hostile to women.”
A litigation funder for two franchisee class actions against 7-Eleven has asked a court for a $16.6 million payout to cover its costs before a judge rules on how much it can pocket from a $98 million settlement.
A judge has given his approval to the takeover of Crown Resorts by US private equity group Blackstone.
A law firm is seeking a funding equalisation order to have all group members contribute to the $630,000 legal bill it racked up in running an underpayments class action on behalf of Drakes store managers that has settled for $2 million.
A judge has granted ASIC a hotly contested extension of time in appeals brought by Mayfair Group and founder James Mawhinney after a judge slapped the investment group with a $30 million penalty.
A judge has questioned whether class actions are the best way to resolve underpayment disputes during a hearing on a settlement in two class actions against supermarket chain Romeo's, which one group member called “criminally unfair.”